^STOXX vs. CSPX.AS
^STOXX (STOXX Europe 600 Index) is an index, while CSPX.AS (iShares Core S&P 500 UCITS ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, ^STOXX returned 7.05%/yr vs 14.86%/yr for CSPX.AS. A 0.65 correlation means they provide meaningful diversification when combined.
Performance
^STOXX vs. CSPX.AS - Performance Comparison
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Returns By Period
In the year-to-date period, ^STOXX achieves a 6.82% return, which is significantly lower than CSPX.AS's 9.99% return. Over the past 10 years, ^STOXX has underperformed CSPX.AS with an annualized return of 7.05%, while CSPX.AS has yielded a comparatively higher 14.86% annualized return.
^STOXX
- 1D
- 1.88%
- 1M
- 3.56%
- YTD
- 6.82%
- 6M
- 9.51%
- 1Y
- 16.20%
- 3Y*
- 10.98%
- 5Y*
- 6.72%
- 10Y*
- 7.05%
CSPX.AS
- 1D
- 1.55%
- 1M
- 0.02%
- YTD
- 9.99%
- 6M
- 11.11%
- 1Y
- 24.76%
- 3Y*
- 17.93%
- 5Y*
- 14.23%
- 10Y*
- 14.86%
^STOXX vs. CSPX.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^STOXX STOXX Europe 600 Index | 6.82% | 17.42% | 5.39% | 12.74% | -13.06% | 22.10% | -3.83% | 23.78% | -13.61% | 7.68% |
CSPX.AS iShares Core S&P 500 UCITS ETF | 9.99% | 4.00% | 33.87% | 22.28% | -14.24% | 40.26% | 7.72% | 32.99% | -0.36% | 7.13% |
Correlation
The correlation between ^STOXX and CSPX.AS is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since May 19, 2010 | 0.65 |
The correlation between ^STOXX and CSPX.AS shifts across timeframes, from 0.55 (3 years) to 0.69 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
^STOXX vs. CSPX.AS — Risk / Return Rank
^STOXX
CSPX.AS
^STOXX vs. CSPX.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for STOXX Europe 600 Index (^STOXX) and iShares Core S&P 500 UCITS ETF (CSPX.AS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ^STOXX | CSPX.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.39 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 3.40 | -1.79 |
| Martin ratioReturn relative to average drawdown | 5.82 | 12.02 | -6.20 |
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Drawdowns
^STOXX vs. CSPX.AS - Drawdown Comparison
The maximum ^STOXX drawdown since its inception was -60.54%, which is greater than CSPX.AS's maximum drawdown of -33.65%. Use the drawdown chart below to compare losses from any high point for ^STOXX and CSPX.AS.
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Drawdown Indicators
| ^STOXX | CSPX.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.54% | -33.65% | -26.89% |
Max Drawdown (1Y)Largest decline over 1 year | -9.56% | -7.11% | -2.45% |
Max Drawdown (3Y)Largest decline over 3 years | -16.56% | -23.37% | +6.81% |
Max Drawdown (5Y)Largest decline over 5 years | -22.55% | -23.37% | +0.82% |
Max Drawdown (10Y)Largest decline over 10 years | -35.55% | -33.65% | -1.90% |
Current DrawdownCurrent decline from peak | -0.10% | -1.76% | +1.66% |
Average DrawdownAverage peak-to-trough decline | -14.61% | -3.74% | -10.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 2.02% | +0.66% |
Volatility
^STOXX vs. CSPX.AS - Volatility Comparison
STOXX Europe 600 Index (^STOXX) and iShares Core S&P 500 UCITS ETF (CSPX.AS) have volatilities of 3.17% and 3.07%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^STOXX | CSPX.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.17% | 3.07% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 10.28% | 7.76% | +2.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.30% | 11.53% | +0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.22% | 15.18% | -0.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.50% | 16.07% | -0.57% |
Frequently Asked Questions
^STOXX and CSPX.AS have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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